Equities actually fell a little yesterday (on the day, they still closed above Wednesday’s highs), for the first time in over a week. It didn’t really affect equities, though, so I’m going to continue to take the baskets at face value.
USD – N – This pushed down through that support level this morning, finally, but is now stalled at a support level from May of 2018. It could push through that level, and if it did, it has a pretty long drop after that, but I’m not playing breakouts right now, so I’ll hold off
CAD – N – This didn’t make the new low then start to push up again like I thought it would. It’s basing now right around the MA’s, and it’s down pretty strong and I’m not ready to short this, so I’ll hold off
EUR – N – I wouldn’t say this was basing per se, but it’s in a bit of a range. It’s back down to a support level, but still well above the resistance level from the long base from May – mid July. I’m going to hold off here
GBP – N – I was hoping I’d be able to look to short this today, but that doesn’t look that viable. It is down on the day, but is sitting closer to it’s open, and the lows aren’t that far above the lows of the base. Even if this does push back down, I don’t see a scenario where the R:R would be there, so I’ll hold off
JPY – N – This pushed down this morning, almost .5%, and stalled at some support from January. Since then, it’s rallied and is sitting up a decent amount right now. Had this not pushed through the current support before this rally, I might look to take this long, but it’s also sitting quite a bit off of the day’s highs right now, too. I’ll leave this alone, too. It’s Friday, I don’t have too many qualms about it
AUD – L/N – AUD has broken out, but it’s stalled at some resistance from April/May of last year. This might be going against what I’m trying today/this week, but I’ll take a look to see if there’s any opportunity to take this long today
NZD – N – This is up quite a bit again, but it’s stalling out at the 50MA and at some resistance from June, and September – December of last year. I don’t like this to the upside today, but maybe my outlook is starting to shift to Bullish. I’ll leave it alone for today, but we’ll see how it shakes out next week
CHF – S/N – This is down a good amount today and is sitting on some pretty strong support. I don’t think this will drop all the way to the bottom of that range, but it could push further down. I need something to pair against AUD anyway, so I’ll take a look at this.